Savoir Faire Capital Management L.P. Sells 53,121 Shares of Papa Johns International, Inc. (NASDAQ:PZZA)

Savoir Faire Capital Management L.P. lowered its holdings in shares of Papa Johns International, Inc. (NASDAQ:PZZA - Free Report) by 38.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,307 shares of the company's stock after selling 53,121 shares during the quarter. Papa Johns International accounts for about 2.3% of Savoir Faire Capital Management L.P.'s portfolio, making the stock its 20th biggest position. Savoir Faire Capital Management L.P. owned about 0.26% of Papa Johns International worth $4,595,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. 1832 Asset Management L.P. bought a new position in Papa Johns International in the second quarter valued at approximately $93,586,000. River Road Asset Management LLC boosted its stake in Papa Johns International by 88.1% in the 3rd quarter. River Road Asset Management LLC now owns 2,285,665 shares of the company's stock worth $123,129,000 after purchasing an additional 1,070,485 shares during the period. Cowen AND Company LLC acquired a new stake in shares of Papa Johns International in the 2nd quarter valued at about $32,736,000. Earnest Partners LLC lifted its holdings in shares of Papa Johns International by 25.9% in the second quarter. Earnest Partners LLC now owns 2,170,945 shares of the company's stock valued at $101,991,000 after purchasing an additional 446,477 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Papa Johns International by 30.2% during the second quarter. Sei Investments Co. now owns 1,214,184 shares of the company's stock worth $57,042,000 after buying an additional 281,399 shares during the period.

Analyst Upgrades and Downgrades

PZZA has been the topic of a number of recent research reports. Wedbush reissued an "outperform" rating and issued a $60.00 target price on shares of Papa Johns International in a research report on Friday, November 8th. BMO Capital Markets cut their price objective on shares of Papa Johns International from $75.00 to $65.00 and set an "outperform" rating on the stock in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Papa Johns International from $58.00 to $45.00 and set a "hold" rating for the company in a research report on Friday, August 9th. UBS Group boosted their price target on shares of Papa Johns International from $47.00 to $56.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Finally, KeyCorp cut Papa Johns International from an "overweight" rating to a "sector weight" rating in a report on Thursday, November 14th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $60.82.

Papa Johns International Stock Down 1.5 %

Shares of NASDAQ PZZA traded down $0.70 during midday trading on Tuesday, hitting $47.15. 1,027,873 shares of the company's stock were exchanged, compared to its average volume of 1,005,076. The firm has a market capitalization of $1.54 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 2.37 and a beta of 1.19. Papa Johns International, Inc. has a 12 month low of $39.90 and a 12 month high of $78.67. The company's 50 day moving average price is $51.76 and its 200 day moving average price is $48.48.

Papa Johns International (NASDAQ:PZZA - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.01. The firm had revenue of $506.80 million during the quarter, compared to analysts' expectations of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The company's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 earnings per share. On average, equities research analysts anticipate that Papa Johns International, Inc. will post 2.23 EPS for the current year.

Papa Johns International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued a $0.46 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.84 annualized dividend and a yield of 3.90%. Papa Johns International's dividend payout ratio is currently 64.11%.

Papa Johns International Company Profile

Papa John's International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.